Income Tax

A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult decisions for a few months.

After a day of wild political gyrations — even by Washington's standards — the House voted 257 to 167 to pass a plan negotiated by Vice President Joe Biden and Senate GOP leader Mitch McConnell that raises income tax rates on households earning more than $450,000 and postpones $110 billion in spending cuts through the end of February.

Related "Income Tax" Articles

A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult...

Regardless of whether the presidentand Congress strike a deal or take the nation headfirst over the "fiscal cliff," federal taxes for some Marylanders will increase next year — and under some scenarios the pain could be worse than in other...

For the first time since a recession gripped the country in 2008, Maryland is approaching a General Assembly session with good fiscal news: Neither tax increases nor drastic budget cuts are likely to be needed to balance the budget.The improved forecast...

MEET THE CANDIDATES When Marylanders head to the polls Nov. 6, they will elect members of the U.S. Senate and House of Representatives in addition to casting their ballots for president. Dozens of people are running for a chance to represent the state's...

You stumble upon some extra money lying around the house — some spare change behind the sofa cushions or the equivalent. You might be pleased with your unexpected good (albeit only modestly so) fortune, but you probably wouldn't be looking to spend it...

Less than three months after the Maryland General Assembly met in a special session to raise the state income tax on many middle-class families, there is a growing likelihood that lawmakers will soon descend on Annapolis again. This latest special session...

The Taxpayers Protection Alliance, a Virginia-based nonprofit that advocates nationally for lower taxes and smaller government, has been running radio ads in the Baltimore area with a simple message: Don't give gaming companies a big tax break.That...

High-earners in Maryland will feel a financial pinch as employers start withholding more money from paychecks to accommodate the higher income tax rates approved by the General Assembly in May and signed into law by Gov.Martin O'Malley.The tax increase is...

In his op-ed "Annapolis dines at federal expense" (June 13) Sean Kennedy wrote: "The more Maryland taxes federal employees, the less money Uncle Sam can ask from them in taxes." I have issues with this on several points.First, this applies to all workers,...

A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes.
If you're like me, your first question is: How can that be?
Your possible next question: Can I get that kind of tax...

This Wednesday's planned opening of the half-billion-dollar Maryland Live! Casino at Arundel Mills marks a red-letter day in Maryland gaming history. The scale of the enormous, 330,000-square-foot facility is stunning: It will eventually house 4,750...

Thomas M. Neale's letter to the editor ("The wealthy pay more than their fair share," May 14) uses the usual Republican tactic of irrelevant statistics to confuse the issue of tax fairness. It does not matter that the top 1 percent of taxpayers pay 38...

Thomas Neale's recent letter to the editor employs uses usual Republican tactic of throwing out irrelevant statistics to confuse the issue of tax fairness ("The wealthy pay more than their fair share," May 14). It doesn't matter that the top 1 percent...

The General Assembly's speedy embrace of Gov. Martin O'Malley's income tax increases this week cleaned up a political mess in Annapolis, but the rate hikes could come back to haunt the Democrat if he seeks national office when his time in the governor's...

After beating back a series of challenges in the House of Delegates, lawmakers are poised to give final approval Wednesday to a plan to raise the state income tax to fund schools, police and Medicaid.
The legislation, introduced Monday by Gov. Martin...

A carefully choreographed strategy to raise state income taxes to stave off so-called doomsday budget cuts faces a challenge in the General Assembly after several Democrats defied party leaders with a proposal to raise the sales tax instead.
The...

A Maryland family making more than $175,000 will pay at least $254 more in income taxes this year under a revenue-raising plan the Maryland General Assembly is expected to take up when it convenes for special session on Monday.
The same family of...

Pushing legislative brinkmanship to its limits, the General Assembly will go into the last scheduled day of its 90-day session Monday without an agreement on the one thing it must get done under Maryland's Constitution: pass a balanced budget.
Most...

Unfortunately, Dan Rodricks' column about our so-called "progressive" tax system in Maryland ("Land of pleasant living — thanks to your taxes, folks" March 25) has it wrong. The alleged "rate" of income tax is not the same as the true percentage of your...

The House of Delegates' rewrite of next year's state budget takes some important steps toward making Maryland's finances sustainable without dipping quite so deeply into taxpayers' pockets as the Senate's plan. It's not perfect, and some details will...